Barclay Butler Financial Inc.

March 14, 2023

FHA mortgage should I use Fannie Mae or Freddie Mac.

People do not realize that 95% of all lenders use Fannie Mae to get loans approved. The reason for this is because it is more difficult for a lender to get approved to do Freddie Mac loans. If a customer gets turned down for an FHA loan there is a very good chance the lender was trying to go to […]

Blog 0 2 min read

March 14, 2023

What you should know about student loans before you buy a home or refinance.

Student loans can affect the loan process in multiple ways. They could limit you on how much you can buy or they could prevent you from buying a home all together. We will look at how student loans affect FHA, VA, USDA & conventional loans. Student loans are looked at differently depending on what type of loan you are […]

203- K mortgage 0 1 min read

March 14, 2023

1 day out of a foreclosure and you could buy a home!

Yes it is true you can buy a home 1 day after your foreclosure. Your home has to have been already foreclosed, it cannot be in the process of being foreclosed. If you have a 550 credit score and 40% down you can buy a new home. You can get either a Fixed Rate or ARM and or Interest Only. […]

All states 0 30 sec read

March 14, 2023

Mortgage company overlays helping or hurting home sales.

Most mortgage companies have overlays on their products. An overlay is an additional requirement added on top of a FHA, VA, USDA or conventional mortgage guidelines. One example is FHA allows down to a 580 credit score if you want to put down 3.5% down payment. 95% of the lenders state you must have a 640 credit score and about […]

2-4 unit building 0 1 min read

March 14, 2023

Conventional loan or FHA loan which is better for me?

A lot of people ask me which loan should I get. My answer is it depends on your situation. Both FHA & conventional loans are good loans. Here are the main reasons to use either Conv. or FHA loan. FHA- If you have lower income and want to put down only 3.5%. If your credit score is below 660. […]

203- K mortgage 0 1 min read

December 30, 2018

Rehab loans for Owner Occupied, Second Homes or Investment Properties.

Whether you are buying a home to live in, or rent out we have loans that will allow you to buy the home and rehab the home at the same time with no more money down. If you are buying a home to live in we offer rehab loans with as little as 3% down payment. This will allow you […]

2-4 unit building 0 1 min read

November 15, 2014

FHA mortgage should I use Fannie Mae or Freddie Mac.

Blog 0 2 min read

FHA mortgage should I use Fannie Mae or Freddie Mac.

What you should know about student loans before you buy a home or refinance.

1 day out of a foreclosure and you could buy a home!

Mortgage company overlays helping or hurting home sales.

Conventional loan or FHA loan which is better for me?

Rehab loans for Owner Occupied, Second Homes or Investment Properties.

FHA mortgage should I use Fannie Mae or Freddie Mac.

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